Documentary Stamp Tax or DST is a tax applied in the Philippines for the execution of documents such as instruments, instruments, loan agreements and other forms of transactional documents. As a general rule, these transaction documents are proof of an acceptance, assignment, sale or transfer of a right, immovable property or sale or transfer of an obligation. The Ministry of Finance (DOF) and the Bureau of Internal Revenue (BIR) have confirmed the exemption from documentary stamp duty (DST) of credit facilities during the extended Community quarantine period in order to curb the spread of COVID-19. Document stamp duty is a tax on documents, instruments, loan agreements and securities that attest to the acceptance, assignment, sale or transfer of an obligation, right or incident of ownership. In Court of Tax Appeals (CTA) Case No. 9221, petitioner San Miguel Energy Corporation filed a request for reconsideration to request the refund or issuance of a tax credit certificate for the stamp tax on documents (DST) allegedly collected in error for fiscal year 2010. The DST, allegedly collected in error, arose from the petitioner`s protest payment in the amount of Php16.611.637.05, which represents the DST, including the supplement, interest and penalties. The same applies in response to the Bureau of Internal Revenue`s (BIR) assessment that internal company progress, supported by memos, is submitted to the DST in accordance with the Domestic Revenue Commission against Filinvest Development Corporation (G.R. Nos. 163653 and 167689 of 19 July 2011) and is centralized in Revenue Memorandum Circular (RMC) No.

48-2011. The above-mentioned decisions indicate that loan agreements submitted to DST can be proved by letters of instruction, periodicals and bank vouchers. The Bayanihan moratorium on loans waived the DST, which was usually applauded on credit agreements. 1. in the case of the constructive affixing of documentary stamps by the person who manufactures, signs, accepts or transfers documents, instruments, loan agreements and documents, assumptions, assignments, sales and transfers of the obligation, right or property, where the obligation or right originates from Philippine sources or where ownership is held at the same time in the Philippines; Among the usual transactions to which the digital tax applies are the issuance or sale of shares, the execution of loan or debt contracts or the sale and transfer of real estate. . . .